The Board of Directors of the Company in their meeting held on Thursday, August 07, 2025 at the registered office of the Company situated at, Baid House , IInd Floor, 1, Tara Nagar, Ajmer Road, Jaipur-302006, (Rajasthan) which commenced at 04:00 P.M. and concluded at 04:30 P.M., inter alia transacted the following business:1. Approved the Un-Audited Financial Results for the Quarter ended on June 30, 2025.2. Approved re-appointment of Mr. Aman Baid as WTD of the company for a further period of 3 years from June 01, 2026 to May 31, 2029, subject to approval of shareholders in the ensuing AGM. 3. Approved the appointment of M/s. ABSM & Associates (FRN: 015966C) as Statutory Auditors, in place of retiring Auditors M/s Khilnani & Associates (Firm Registration No.: 005776C) for a period of 5 consecutive years from the conclusion of the ensuing 34th AGM till the conclusion of the 39th AGM to be held in the calendar year 2030, subject to approval of shareholders in the ensuing AGM. 4. Recommended Final dividend of Re. 0.10 /- (5% of Equity Share of Rs. 2 each) per Equity share for the FY 2024-2025, subject to the declaration of the same by the members in the ensuing AGM.5. Approved the holding of 34th AGM on Friday, September 12, 2025 at 3:00 P.M., through VC / OAVM The record date has been fixed as Friday, September 05, 2025 for the purpose of ascertaining the entitlement of members for the purpose of final dividend.
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Baid Finserv, an NBFC based in Jaipur, reported strong Q1 FY26 results with total income rising to Rs. 2,390.94 lakhs from Rs. 1,934.91 lakhs a year ago (~24% growth). Net profit grew to Rs. 401.61 lakhs from Rs. 311.89 lakhs (~29% YoY), translating to EPS of Rs. 0.33 vs Rs. 0.26. The board recommended a final dividend of Re. 0.10 per share (5% on face value of Rs. 2) for FY25, with September 5, 2025 as the record date. Mr. Aman Baid, grandson of CMD Panna Lal Baid and currently Whole Time Director, was re-appointed for another 3-year term from June 2026 to May 2029 subject to shareholder approval. The company also appointed M/s ABSM & Associates as new statutory auditors for 5 years (till 2030), replacing M/s Khilnani & Associates whose term expired normally at the upcoming AGM.
Solid quarterly performance with revenue and profit growth in the mid-20% range signals healthy business momentum. The small dividend (Re. 0.10) offers minimal yield but confirms continuity. The re-appointment of a promoter-family member as WTD and routine auditor change are governance items unlikely to move the stock, though the family-dominated board (CMD, Non-Executive Director, and WTD all from the Baid family) is worth noting for governance-conscious investors.